Miltonia Close
AwardedExecutive Condominium housing. HDB sale site.
S$340,850,000
S$7,878.37 psm GFA, about S$732 psf ppr (derived). Awarded 21 April 2026 to Hoi Hup Realty Pte Ltd.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Miltonia Close | Executive Condominium housing | 15,451.2 m² | 43,264 m² | Hoi Hup Realty Pte Ltd | S$340,850,000(S$7,878.37) |
As listed at the close of 14 April 2026 (hdb-2026-04-13-miltonia-close), with the outcome the award of 21 April 2026 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Hoi Hup Realty Pte Ltd | S$340,850,000 | S$7,878.37 | S$732 | Awarded |
| 2 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) | S$312,009,222 | S$7,211.75 | S$670 | Unsuccessful |
| 3 | Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), CNQC Realty (Sigma) Pte. Ltd., Jianan Realty Investments (2) Pte. Ltd., and CYZ Land Pte. Ltd. | S$305,500,000 | S$7,061.30 | S$656 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
21 April 2026
AwardedFinal Tender Result for Land Parcel at Miltonia Close for Executive Condominium Housing Development
The source page is dated 20 April 2026; the release text dates its action 21 April 2026. Both are kept as stated.
Awarded to
Hoi Hup Realty Pte Ltd, S$340,850,000 (S$7,878.37 psm GFA, about S$732 psf ppr).
Read the press releaseHide the press releasehdb-2026-04-20-miltonia-award
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Miltonia Close on 23 December 2025.
2 The details of the land parcel are as follows:
| Proposed Development | Executive Condominium housing development |
|---|---|
| Location | Miltonia Close |
| Site Area | 15,451.2 sqm |
| Maximum GFA | 43,264 sqm |
| Maximum Building Height | 90m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 430* |
| Lease Term | 99 years |
| Project Completion Period | 60 months from the date of acceptance of tender |
*Actual number of housing units proposed by developer may vary
3 The site has been awarded to Hoi Hup Realty Pte Ltd at the tender price of $340,850,000on 21 April 2026. The details of the tender result can also be viewed on HDB InfoWEB.
14 April 2026
Tender closedProvisional Tender Results for Executive Condominium Development Site at Miltonia Close
The source page is dated 13 April 2026; the release text dates its action 14 April 2026. Both are kept as stated.
3 bids disclosed
Highest S$340,850,000 (S$7,878.37 psm GFA) from Hoi Hup Realty Pte Ltd.
Read the press releaseHide the press releasehdb-2026-04-13-miltonia-close
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Miltonia Close for tender on 23 December 2025.
2 The details of the land parcel are as follows:
| Proposed Development | Executive Condominium housing development |
|---|---|
| Location | Miltonia Close |
| Site Area | 15,451.2 sqm |
| Maximum GFA | 43,264 sqm |
| Maximum Building Height | 90m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 430* |
| Lease Term | 99 years |
| Project Completion Period | 60 months from the date of acceptance of tender |
_*Actual number of housing units proposed by developer may vary
_3 The tender closed at 12pm today. The details of the provisional tender results are shown below:
| S/N | Name of Tenderer | Tender Price ($) | $psm/GFA ($) |
|---|---|---|---|
| 1 | Hoi Hup Realty Pte Ltd | $340,850,000.00 | $7,878.37 |
| 2 | Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. | $312,009,222.00 | $7,211.75 |
| 3 | Forsea Residence Pte. Ltd., CNQC Realty (Sigma) Pte. Ltd., Jianan Realty Investments (2) Pte. Ltd., and CYZ Land Pte. Ltd. | $305,500,000.00 | $7,061.30 |
23 December 2025
Launched for tender, Confirmed ListHDB Launches Tender for Sale Site at Miltonia Close
The source page is dated 22 December 2025; the release text dates its action 23 December 2025. Both are kept as stated.
Read the press releaseHide the press releasehdb-2025-12-22-miltonia-launch
The Housing & Development Board (HDB), as the Government’s land sales agent, has launched an Executive Condominium (EC) site at Miltonia Close for sale by public tender today.
2 The EC site, which can potentially yield about 430 residential units, is among the 10 Confirmed List sites under the Government Land Sales (GLS) Programme for the second half of 2025 (2H2025). Details of the land parcel can be found in the Annex.
Other Details
3 The tender will close at 12:00 noon on Tuesday, 14 April 2026.
Site facts
- Selling authority
- HDB
- Allowable development
- Executive Condominium housing
- Tenure
- 99 years
- Programme list
- Confirmed List (2H2025 programme), launched for tender[hdb-2025-12-22-miltonia-launch/20251223-Annex.pdf]
- Site area
- 15,451.2 sqm[hdb-2025-12-22-miltonia-launch/20251223-Annex.pdf]
- Maximum GFA
- 43,264 sqm[hdb-2025-12-22-miltonia-launch/20251223-Annex.pdf]
- Estimated housing units
- 430[hdb-2025-12-22-miltonia-launch/20251223-Annex.pdf]
- Height control
- 90m SHD[hdb-2025-12-22-miltonia-launch/20251223-Annex.pdf]
- Tender conditions
- Housing classification: Executive Condominium
- Project completion period: 60 months. From the date of acceptance of tender
- Housing yield: The number of units is an estimate; the release says the actual number proposed by the developer may vary. Not a cap.
- Facts as stated on
- 23 December 2025
The market when bids closed
When bids closed on 14 April 2026, URA's latest quarterly figures were for 4Q2025, published 23 January 2026, 81 days earlier. The 1Q2026 figures followed ten days after the close. The table carries on through two releases after it.
| Private residential | 2Q2025Jul 2025 | 3Q2025Oct 2025 | On the day4Q2025Jan 2026 | 1Q2026Apr 2026 | 2Q2026Jul 2026 | Trend | Change4Q2025 to 2Q2026 |
|---|---|---|---|---|---|---|---|
| Prices | |||||||
| Private home price index | 213.2 | 215.1 | 216.4 | 218.3 | 219.4 | +1.4% | |
| Non-landed, core central region | 160.7 | 163.4 | 157.7 | 158.6 | 161.5 | +2.4% | |
| Private rental index | 159.8 | 161.7 | 160.9 | 161.4 | 162.5 | +1.0% | |
| Sales | |||||||
| New homes sold by developers | 1,212 | 3,288 | 2,940 | 2,013 | 2,141 | −27.2% | |
| Resales | 3,647 | 3,881 | 3,529 | 3,225 | 3,813 | +8.0% | |
| Sub-sales | 269 | 235 | 230 | 175 | 194 | −15.7% | |
| Units launched | 1,520 | 4,191 | 2,632 | 1,844 | 1,783 | −32.3% | |
| Supply | |||||||
| Unsold, uncompleted, with planning approval | 18,498 | 17,029 | 14,859 | 16,095 | 14,929 | +0.5% | |
| Pipeline with planning approval | 36,663 | 36,814 | 35,690 | 38,133 | 38,556 | +8.0% | |
| Vacancy rate | held | held | 6.0% | 6.2% | 6.4% | +0.4 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 22 December 2025
HDB Launches Tender for Sale Site at Miltonia Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 72a76de8de2ff983821e394fe77f8427130e571523f876019e3487fe1e8215ee
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- Retrieved at
- 2026-09-19 09:24:08 UTC
- Prevo reference
- hdb-2025-12-22-miltonia-launch
- AnnexPublished 22 December 2025
Annex, site details to HDB Launches Tender for Sale Site at Miltonia Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
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- Retrieved at
- 2026-09-19 09:24:08 UTC
- Prevo reference
- hdb-2025-12-22-miltonia-launch/20251223-Annex.pdf
- Press releasePublished 13 April 2026
Provisional Tender Results for Executive Condominium Development Site at Miltonia Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
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- 2026-09-19 09:24:08 UTC
- Prevo reference
- hdb-2026-04-13-miltonia-close
- Page capturePublished 13 April 2026
Browser capture of Provisional Tender Results for Executive Condominium Development Site at Miltonia Close, 2026-09-19
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
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- 2026-09-19 08:03:20 UTC
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- Press releasePublished 20 April 2026
Final Tender Result for Land Parcel at Miltonia Close for Executive Condominium Housing Development
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- Retrieved at
- 2026-09-19 09:24:08 UTC
- Prevo reference
- hdb-2026-04-20-miltonia-award
- Page capturePublished 20 April 2026
Browser capture of Final Tender Result for Land Parcel at Miltonia Close for Executive Condominium Housing Development, 2026-09-19
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- Prevo reference
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